Micro Loans Credit Analyst at Equity Bank Rwanda

Equity Bank is one of the region’s leading Banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern, inclusive nancial services that maximize their opportunities. With a strong footprint in Kenya, Uganda, Tanzania, Rwanda, DRC and South Sudan, Equity Bank is home to more than 20 million customers – the largest customer base in Africa. Currently the Bank is seeking additional talent to serve in the roles outlined below.

MICRO LOANS CREDIT ANALYST

The Micro Loans Credit Analyst is responsible for evaluating and assessing the creditworthiness of individuals and small businesses applying for micro-loans. This role involves analyzing nancial information, determining the risk level of applicants, and making recommendations on whether to approve or decline loan applications. The analyst will work closely with loan officers, credit managers, and other nancial professionals to ensure that the loan portfolio remains healthy and within the institution's risk appetite.

Key Responsibilities and Accountability

1. Credit Assessment and Analysis

• Evaluate Loan Applications: Analyze the nancial statements, credit reports, and other relevant documents provided by micro-loan applicants to assess their creditworthiness.
• Risk Assessment: Use nancial models and credit scoring systems to evaluate the risk of lending to individuals and small businesses. This includes analyzing income, expenses, collateral, credit history, and other factors.
• Financial Analysis: Review and interpret nancial statements, balance sheets, income statements, cash ow statements, and other nancial documents to understand the nancial health of applicants.
• Decision-Making: Make recommendations to approve, decline, or request additional information for loan applications. Provide a clear rationale for each decision based on analysis and risk assessment.
• Credit Limits and Terms: Suggest appropriate loan amounts, repayment terms, and interest rates based on the risk prole of the borrower.

2. Portfolio Management

• Monitor Existing Loans: Regularly review the performance of loans in the micro-loan portfolio. Identify early warning signs of potential defaults and take proactive measures to mitigate risks.
• Loan Recovery Support: Work with the collections team to manage delinquent accounts and develop strategies to recover outstanding amounts.
• Reporting: Prepare and present detailed credit analysis reports to senior management, outlining the status of the micro-loan portfolio and highlighting any risks or trends.

3. Compliance and Documentation

• Adherence to Policies: Ensure all credit assessments are conducted in line with the institution's credit policies, procedures, and regulatory requirements.
• Documentation: Maintain accurate and complete records of all loan assessments, approvals, and communications with applicants.
• Regulatory Compliance: Stay informed about regulatory changes in the micronance sector and ensure that all credit activities comply with relevant laws and regulations.

4. Customer Service

• Client Interaction: Work closely with loan officers to gather additional information from applicants when needed. Provide clear communication to applicants regarding the status of their loan applications.
• Advisory Role: Offer advice to clients on improving their creditworthiness and nancial health to increase their chances of loan approval.

5. Continuous Improvement

• Process Improvement: Identify opportunities to streamline the credit analysis process and implement best practices to improve eciency and accuracy.
• Training and Development: Participate in ongoing training to stay up-to-date with the latest trends in micronance, credit risk management, and nancial analysis techniques.

Qualification, Experience, Skills and Attributes

• Bachelor’s Degree in Finance, Accounting, Economics, Business Administration or a related field.
• Certifications (preferred): CFA, CPA, or relevant credit analysis certications.
• 3-5 Years: Experience in credit analysis, financial analysis, or a related role, preferably within the micro finance or banking sector.
• Micronance Experience: Understanding of micro-loans, small business lending, and the unique challenges faced by micro-enterprises.
• Analytical Skills: Strong ability to analyze financial statements, credit reports, and other financial data to make informed credit decisions.
• Attention to Detail: Ability to identify potential risks and inconsistencies in financial information.
• Communication Skills: Excellent written and verbal communication skills, with the ability to explain complex nancial information clearly.
• Decision-Making: Ability to make sound credit decisions based on thorough analysis and within tight deadlines.
• Technical Skills: Profficiency in nancial analysis software, credit scoring systems, and Microsoft Office Suite, particularly Excel.
• Ethical Judgment: High level of integrity and ethical standards in handling sensitive nancial information.
• Customer Focus: Commitment to providing excellent service to clients while managing risk.
• Problem-Solving: Ability to develop creative solutions to complex nancial issues.

• Office Environment: Primarily office-based, with potential visits to clients’ businesses as required.
• Working hours: Full-time, with occasional overtime depending on workload.
• Career path/Advancement Opportunities: Potential to move into senior credit analyst roles, credit management, or other leadership positions within the credit or finance departments.

If you meet the above requirements, we kindly invite you to submit your application quoting the job opportunity you are applying for to the email address below by 4th September 2024. Please include detailed Curriculum Vitae, copies of the relevant certicates, testimonials, and daytime telephone contact and email address.

Only short-listed candidates will be contacted.

Email to: jobsrwanda@equitybank.co.rw

Equity Bank is an equal opportunity employer. We value the diversity of individuals, ideas, perspectives, insights, values and what they bring to the workplace.